SBUX on the dialy chart may be another candidate to short while the general market remains
challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk.
SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the
trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX...
CMG catapulted after the best earnings beat with an excessive and overextending move to the
upper bounds of the widening wedge pattern and beyond the third upper VWAP band on
this 30 minute chart. It did have a corresponding leap in volume. However, I expect a
retracement into the 3020 level based on the Fibonacci tool. This is about a 5-6% downside.
I will...
